Bitcoin & Bullion Bid As Hawkish FedSpeak Hammers Stocks & Bonds Stocks had limped higher all night after four straight days lower but into the cash open, Fed's Williams ruined the party by admitting that while rate-hikes are not 'his baseline' they are possible if the data warrants. But that dip was bought aggressively after the open. Stocks were spooked a little by the 'no landing' narrative screaming from Philly Fed's data (showing HL improvement but soaring prices-paid, and...
Based on the latest data, the yield curve of the U.S. Treasury, which charts the yields for two-year and ten-year bonds, has remained inverted for a total of 656 days. This latest inversion joins previous records set in 1929, 1974, and 2008, all of which preceded substantial declines in the stock market. Recently, market observers […]
Big tech sold off in late hours after Meta Platforms Inc.’s disappointing outlook raised concern on whether the artificial-intelligence euphoria that has powered the bull market has run too far.
CENTRAL - Two weeks after a major crash along Hooper Road in Central, a driver who was stuck underneath a semi-truck is out of the hospital. Driver Brandon Ray said he was heading through Central, trying to get to his house in Mississippi before nightfall when a truck swerved in his lane—causing him to flip his vehicle. Ray says during the nearly three hours of being trapped it was a stranger who helped him push through. "I just want to thank the first responders that came...
MicroStrategy stock was down 10% on Tuesday, while Coinbase and other crypto stocks also dumped. Bitcoin price traded to lows of $60,600 before seeing a slight recovery. MicroStrategy, Coinbase, Riot Platforms and Marathon Digital stocks are among crypto-related stocks seeing downside pressure amid Bitcoin’s price struggles. MicroStrategy stock dumps 10% Coinbase’s COIN was down 3% […]
Super Micro Computer just spooked its investors with a suggestion that it
The past year has seen an extraordinary run for high-end server and storage
The past year has seen an extraordinary run for high-end server and storage
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Yen Dumped, Yield-Curve Pumped, Bonds & Bitcoin Slump Quiet macro day with Durable Goods Orders looking like a beat - but only because of sizable downward revisions - as orders and shipments are actually down on a YoY basis. Source: Bloomberg But stocks were messy with an opening bid immediately squelched and post-EU-close ramp faded into the US close. Small Caps were the day's laggard as Nasdaq outperformed while The Dow and S&P desperately tried to get green Nasdaq and The...
Data shows the cryptocurrency derivative market has observed mass liquidations following the crash of Bitcoin and other assets. Bitcoin Has Seen Bears Winning As Price Has Plunged 6% Over The Past Day Recently, Bitcoin has been stuck in consolidation in the $60,000 to $70,000 price range, unable to mount any sustained move in either direction. […]
Yen & Yellen Yank Stocks, Bonds, & The Dollar On Otherwise Quiet Day A quiet micro and macro-economic day was dominated by Treasury's refunding size estimates (which spoiled all the fun by coming in less than some hyperbolic expectations a but generally in line with expectations), and Japanese intervention the FX markets. As Goldman's trading desk noted, a quiet start to a busy week with the S&P trading within a 15 handle range (volumes -11% vs 20dma) and largely traded in a vacuum...